Financial practice suggests that there is a range for an optimal capital structure for a firm within an industry rather than a specific optimal ratio of debt to equity
Indicate whether the statement is true or false.
Answer: TRUE
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Erik has been putting off a decision about firing several workers who have been ignoring safety regulations on the factory floor. After all, he thinks, his boss will eventually notice and take action. Erik is experiencing a(n) ______ reaction.
A. relaxed change B. relaxed avoidance C. defensive avoidance D. unresponsive E. delayed change
All controls are applicable to all technologies
Indicate whether the statement is true or false.
Answer the following statements true (T) or false (F)
1. ector Corporation has been using an incorrect method in accounting for supplies expense. It can change to the correct method without filing 3115. 2. Owners of pass-through entities may defer income recognition by selecting a different tax year for the business if at least 25% of the business revenues occur during the last two months of the proposed year. 3. A corporation is starting to produce watches with electronic personal assistant capabilities. Generally, a business producing this type of product will want to elect the LIFO inventory method. 4. A taxpayer sells a parcel of land on the installment sale basis and will recognize the gain over the five-year installment schedule. Form 6252 must be included with his tax return only in the year of sale 5. Advance approval and the filing of Form 970 is required whenever a taxpayer adopts LIFO.
Swapping digital copies of movies, software, and music is a fairly common practice. Most people think it's harmless. How does digital piracy hurt consumers?
What will be an ideal response?